The influence of a professional accountant's judgment on the financial performance of organization

Abstract

© 2019, Research Trend. All rights reserved. Formation and development of market relations have expanded a circle of users of the accounting information, making thus reasonable demands to its quality. In these conditions, the special urgency is acquired by orientation of professional accounting judgment to a choice of the optimal methods of accounting and reflection in the statements of the information with a view of satisfaction of interests of a wide range of users. On the basis of financial statements of various companies in the article the analysis of indicators of the financial statements prior to the formation of estimated liabilities and after the first-on the basis of the judgment of the accountant, the second-on the basis of the judgment of the auditors. The goal of the work to consider the basic approaches to determination of financial indicators, to reveal interrelation between professional accounting judgment concerning objects of accounting and the indicators characterizing a financial condition of the enterprise.